s 77 Duty to provide loan information report
77.—(1) Upon the request of any person, the designated credit bureau must, within one business day after the request or any other period that the Minister may prescribe, provide the person with a loan information report in relation to the person —(a) that is prepared using one or more of the following:(i) borrower information provided by at least one licensee; (ii) any information in a credit report in relation to the person; (iii) any information relating to the person or a loan granted to the person, that is processed by the designated credit bureau in the course of preparing, providing or maintaining a credit report in relation to the person; and[Act 38 of 2023 wef 01/03/2024] (b) that contains such information as the Minister may prescribe relating to —(i) each loan granted by a licensee to that person that has not been fully repaid or in respect of which the contract for the loan has not otherwise been terminated; and (ii) any pending application for a loan made by that person from any licensee.[7/2018] [Act 38 of 2023 wef 01/03/2024] (2) The designated credit bureau may charge a person a fee each time the designated credit bureau provides the person with a loan information report under subsection (1).[7/2018] (3) The designated credit bureau must provide the loan information report mentioned in subsection (1) to a person, in one of the following forms at the person’s option:(a) a physical copy to be collected by the person at the registered office of the designated credit bureau; (b) a physical copy sent by registered post to an address specified by the person; (c) an electronic copy sent by email to an email address specified by the person.[7/2018] (3A) Despite subsections (1) and (3) and section 75(2), where the designated credit bureau is required to provide a loan information report to a person (P) under subsection (1), the designated credit bureau or any of its officers or employees may disclose the loan information report to any other person, if the designated credit bureau has P’s written consent for the disclosure.[Act 38 of 2023 wef 01/03/2024] (4) If the designated credit bureau without reasonable excuse contravenes subsection (1) or (3), the designated credit bureau shall be guilty of an offence and shall be liable on conviction —(a) to a fine not exceeding $250,000; and (b) in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.[30Y [7/2018]